Wholesale prices dip for 2nd month on cheap gas
Wholesale prices fell in October for the second straight month, driven down again by cheaper gasoline costs.
The Labor Department said Thursday that the producer price index, which measures prices before they reach the consumer, dropped 0.2 percent in October. That followed a 0.1 percent decline in September. The cost of gas plunged 3.8 percent last month, lowering the index.
Over the past 12 months, energy costs have kept inflation weak. Prices have increased just 0.3 percent in that stretch.
Excluding volatile energy and food prices, wholesale costs increased 0.2 percent in October and 1.4 percent in the past 12 months. The continued low level of inflation enables the Federal Reserve to maintain its unique stimulus measures.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Groups appeal Shell air permit for Beaver County project
- Delphi buys CMU spinoff that makes self-driving car software
- Rex Energy posts $155 million loss on low gas prices
- Operating loss mounts at Highmark’s core hospital system
- Coal producer Alpha Natural Resources files for bankruptcy
- FNB buying Harrisburg-based Metro Bancorp
- Polymer Enterprises finds success in specialty tire market
- Muni bond funds stressed
- Range Resources cuts workforce 11%
- Obama’s Clean Power plan doesn’t change much; opponents remain firm
- Shell shovels millions into proposed Beaver County plant site